New NP

EDF signed binding agreements to buy 75.5% of New NP, a subsidiary combining AREVA's reactor design and manufacturing activities, at an adjusted valuation of EUR 2.47 billion for 100%, with Mitsubishi Heavy Industries and Assystem taking 19.5% and 5% stakes.

Mitsubishi Heavy Industries formally decided to invest in Areva's reactor operations and signed investment agreements to take a 19.5% stake in New NP, the subsidiary holding Areva's reactor business. The sale price for 100% of New NP's equity was €2.5 billion.

Mitsubishi Heavy Industries has taken a formal decision to invest in New NP, a new affiliate of EDF formed from the reorganization of AREVA NP. MHI will acquire a 19.5% equity stake in New NP.